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of the united states and i think he really did make it worse by sitting down with "the view." i love "the view," i love the show, they're all friends. i'm a big fan. but in was not the moment to sit down with "the view." that's done by mitt romney, by barack obama, by everyone else. but not this day and at this time. >> jamie rubin, there is a schedule. obviously that the campaign feels it wants to keep. they have a lot of events coming up just today. joe scarborough said this morning so meet with folks for 15 minutes. to something. what would you say about this? >> well, i come from the foreign policy side of the house and worked at the state department and the president's schedule would come up in meetings with the white house. and there's always this tension between the election calculations, the political calculations, and those in the foreign policy professionals. you know, from the standpoint of a professional, obviously you'd like to see the president engage with these crucial countries, not just our friend israel, but a lot of friends that we have in the world or as andrea put it, coun
the united states, i am sure libya receives money. it was even greater because the american ambassador -- i am supportive of the arab spring. the times and elsewhere, i said to myself, they are not great people. but they are people that surely will turn out nice to us. it doesn't make any sense. >> the events of the last week, the embassy attacks, it will result in a further ongoing shift of jewish americans changing -- >> i think there is a little more to follow. the shift in special elections indicated deep distrust of this administration. that was clear. what the administration said, you heard what the state said. the message was sent loud and clear. for a while, i think it was always together. we have heard the state department say that they have taken every reasonable step. we have heard the quote from the ambassador suggesting he was comfortable and these people love me. it's not true. he issued a statement saying he is very concerned about his own safety. again, we have an information gap. that is coming home to roost. this will build. >> today's new york times, the interview with th
the united states six years atoka in my first i told the mexican people that it was possible to transform mexico. i say that we could turn it into a postal nation with a competitive economy and we could build a first site to with more opportunities for everyone. we have mexico in a safer nation with a strong will of dhaka. i can tell you today we have made great strides and help put mexico on the track to make these decisions a reality. i would like to share some reflections on health care we have a stronger nation. let me start by talking of the transformation of the mexican economy. as you know, we have to confront the global kinnock crisis in memory. mexico was particularly vulnerable because our ties to the american economy which was at the epicenter of the crisis years ago half to and we took the necessary measures to prevent this crisis from becoming a major catastrophe. in doing so we were guided with three basic. financial discipline, economic freedom and increased competitiveness in we stayed after the country. first mexico has strong economic fundamentals. many countries put in
for the country. against perceived internal and external dangerous forces. israel, united states, first at the regime. vicious than enough of that over the decades and afterward he went from credence to that notion, that paranoia. so the syrian population made this bargain with the regime that they would give freedoms in return for stability and security, especially with the examples of instability in lebanon and iraq on their borders. and so, that was the mandate. that was legitimacy for the asides to rule. they lost that because of the policy and bashar al-assad unleashing the dogs in terms of cracking down the opposition. his policy in instability and insecurity. so he no longer has legitimacy. in a broader sense he is solid. whether he stays in power, he'll never have the mandate to rule again and legitimacy he once enjoyed. >> host: are western policymakers assuming his fall is inevitable? and should they? >> guest: that's interesting. i've been contacted by media outlets wanting a quarter to an obituary for about a year now. every time the call, i say it's premature because the re
of the united states nowhere to be seen. >>> a brawl breaks out at a plant making apple products forcing it to shut down. what is that going to mean for your new iphone? let's go "outfront." >>> good evening. i'm erin burnett. "outfront" tonight, iran slaps israel. iran's president ahmadinejad is on american soil tonight and i was with him today. he was smiling, making jokes, very relaxed as he took questions from a group of journalists at his hotel. he kept asking us to exchange views. not just ask questions. but we had a lot of questions to ask. and in his answers, he called israel's threats to attack iran's nuclear program, in his words, a blip on the radar screen. >> translator: principally, we do not take seriously what the scientists say in threatening iran. >> so it's hard to imagine a more clear bow off than that, right? until you hear this. >> translator: they have been ok pieing those territories for the last 60 to 70 years with the support of force of the westerners. they have no roots there in history. iran is a vast, great country that has been as such for thousands of years
to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did was pass a measure that would avert these devastating cuts to our national defense and jobs in virginia. what has this than that done? absolutely nothing. they have not passed a budget in 3.5 years.
is a big thing that iran knows and israel knows and the rest of the world knows that the united states is not going to let iran get a weapon or capability of getting a weapon. >> first of all, i think there's a balance. you need to strike a balance. what many including governor romney and congressman ryan and others around the world have said you have to be specific about this capability point. that you have to be able to signal to the iranians and the world that just building the weapon or getting close to building the weapon, is not the red line. having the tools at their disposal, that they would be easily assembled is a big problem and must be stopped because if they have the tools to assemble a weapon, easily assemble a weapon, it will have the impact that the iranian leadership wants. it will enable them to establish some set of region in the back their terror proxy operations through hezbollah and hamasimpum to just put pressure on friends and adversaries of ours and that's unacceptable and drawing that line does not mean you have to say at this specific moment at this specific
drones. it is coming from two respected universities in the united states. i think if this message is coming from independent academics and the united states, maybe it will be listened to. the report conclude the strikes are damaging and counterproductive. they estimate the overall number of top leaders killed among the drone victims is perhaps only 2%. they say while they are not killing the top tier or not be enough of the commanders, they are terrorizing an entire community. that is the word that they use, stressing that the drones hovering overhead night and day. they say communities are paralyzed by fear and many people are too frightened to go to import and gatherings. parent are keeping their children out of schools or the children themselves are too traumatized to go. the level of fear has been compared to the level of fear in the u.s. after 9/11. >> the report also says the vast majority of those victims are combatants or low-level combatants. americas argument is if it did not use drones, it would have to use much more interest of tactics to go after these combatants. >>
to millions suffering from hiv aids. second is to foster a substantial united states strategic interests. perhaps military or diplomatic or economic. third is another purpose and one that i think has to receive much more attention and higher priority. in a romney administration and that is aid that elevates people and brings about lasting change in communities and nations. here is an example. a lot of americans including myself are troubled by developments in the middle east. syria has witnessed the killing of tens of thousands of people. the presidents of egypt is a member of the muslim brotherhood. our ambassador to libya was assassinated in a terrorist attack. iran is moving toward nuclear weapons capability. we somehow feel we are at the mercy of events rather than shaping events. i am often asked why. what can we do about it? to ease the suffering and enter and the hate and violence? religious extremism is part of a problem but that is not the whole story. the population of the middle east is very young particularly in comparison to the population of the developed nations. typically
the obligations to the united nations. that is why the united states will do what we must to prevent a run from obtaining a nuclear weapon. lou: the president was careful in his language. radical islam not mentioned once in his speech even though there is convincing evidence and a consensus that it was not an attack carried out by terrorists with links by al qaeda if not led by al qaeda. president obama did defend israel in the context of the 2-dissolution the palestine. president obama did not use the word allied to it specifically describe our relationship with the jewish state. the president refused one-on-one meetings with any of the world leaders. this is the same man who, as a candidate, pledged to, more than four years ago, the with our enemies without preconditions. he criticized the bush administration's unilateralism. >> the notion that i am not talking to countries is punishment to them which has been the guiding diplomatic principle of this administration is ridiculous. lou: we will be examining the guiding principles of president obama's foreign-policy tonight with armed services c
protects the right to practice free speech. here in the united states, countless publications provoke offense. like me, the majority of americans are christian and yet we do not plan blasphemy against our most sacred beliefs. >> watched that and was ripping my hair out. do we really think that was about the movie. here he is legitimatizing that point of view saying all this had to do with the movie. first of all do you believe that the attacks on the ambassador were -- >> president obama were a law professor he would describe that as a red herring that is totally irrelevant concern that takes the obama administration kind of off the hook for how they missed the ba on this. this was a planned attack. melissa: right. >> he had u.n. ambassador on a week and a half ago saying this was spontaneous attack that is ridiculous statement. these were grenades that were propelled in a massive way. these were massive arms. people don't bring these things to, to spontaneous demonstrations. now all this evidence is coming out that the ambassador himself had, had a diary in which he was worried about
of the united states being torn down from embassies across the middle east and replaced over sovereign u.s. territory with the flag of al qaeda. you have tens of thousands of people being killed in syria and the administration is doing 234 nothing about it. looks like tehran, 1979, across the middle east. >> that's what many republicans are saying. the democrats and some republicans say governor romney stumbled badly when he criticized mr. obama after the death of the u.s. ambassador to libya. in the end, could you argue that romney's tactic proves successful? it did change the conversation. at least about libya. >> yeah. find it -- fascinating that so many people are talking about romney had a gaffe. it turns out he was right. that one that it was wrong to put pout an n a statement -- criticizing the -- apologizing for the video which the administration continued to do and obama will do again today in his u.n. speech. but also, you know, who had the foreign policy gaffes? it has been president obama. president obama went on "60 minutes" and called what's happening in the middle east bum
obama goes before the u.n. with a call for justice. but why isn't the united states any closer to getting it? >>> gop candidate mitt romney got another compliment from president clinton today. this time, though -- maybe not much help. >>> and it's been about 24 hours. and nfl fans are still outraged by a call made by a replacement ref in last night's packer-seahawks game. even scott walker pleads he wants the refs back. and hey, they're in a union! what will it take? let's go "outfront." ♪ >>> good evening, everyone, i'm erin burnett. "outfront" tonight, obama vows he'll get the killers. today the president spent 24 minutes of his half-hour speech to the united nations talking about libya, the middle east and ambassador chris stevens. the speech, which was seen by american voters and viewers around the world, mentioned stevens 12 times. as the president paid tribute to him right from the start. >> chris stevens loved his work. he took pride in the country he served, and he saw dignity in the people that he met. and two weeks ago, he traveled to benghazi to review plans to est
off busan. navy personnel from the united states, south korea, and australia are also taking part. japanese government officials called on the south koreans to review their decision. they said crews from the other countries plan to sail their vessels into port. but the south koreans stood firm. they say the destroyer does not need to come into port because the drill will take place out at sea. u.s. commanders lead the exercise every year. sailors practice preventing trafficking in nuclear, biological, and chemical weapons. >>> diplomatic ties between japan and south korea have been strained over the territorial dispute. but that hasn't stopped officials from many companies in the two countries from talking business. representatives from some 230 companies got together in seoul on tuesday in an event sponsored by the two governments to help promote bilateral trade. about 50 of these companies are from japan. they are interested in buying machine tools, cameras, lighting equipment, and other products from south korea. japan imports of south korean machinery parts that are growing du
is scheduled to take part in a joint drill. the united states, south korea, australia and japan will take part. japanese government officials called on south korea to review its decision. officials note ves vessels belog to other participants will enter the port. south korea repeated its refusal. the u.s.-led exercise is held every year and aim is to stop trafficking in weapons. south korea's refusal may receive fle reflect anti-japan sentiment could increase. strained by the country's repeated claims to the islands. >>> the international envoy for syria is crafting a new plan to bring peace to the country. brahimi briefed the security council about the situation. brahimi took over as enjoy from former u.n. secretary general kofi annan. he met earlier this month with syrian president bashar al assad and members of opposition groups. brahimi told members after meeting with the security council that there's no prospect of a quick end to the violence but has a few ideas about how to bring the sides together. >> i think we will find an opening in the not too distant future. >> brahimi noted there
. dagen: china looking to put an end to the united states domination of the western pacific by expanding its navy presence, forcing the u.s. to send a significant number of troops to the region in response. connell: fox news adam housely is with us now in san diego with the latest on that. adam? >> yeah, connell and dagen it's one of those stories that's kind of flown under the radar a bit because so much is going on in middle east and on going operations in afghanistan but it is extremely important in the pacific because china is doing what it can to really increase its reach if you will because they are going for more resources as we know and more influence in the region. over the course of the last 20 years they have increased their defense spending by 15%. and today they actually unveiled officially their first ever aircraft carrier, actually purchased from the russians and then refurbished by china. it is important because china because of this reach there are problems now with -- water gun attacks in the last days and as well as disputed islands with japan, both sending ships with
after new years sending the economy into reverse. >> and it's not a threat just for the united states of america. it's a threat for the global economy given the size of the u.s. economy and it's linkages with many other countries around the globe. >> reporter: if the u.s. slows, there may not be anyone left to pick up the slack. even china looks like its growth is faltering. darren gersh, "n.b.r.," washington. >> reporter: i'm diane eastabrook in central illinois. still ahead, the harvest is under way, and farmers are figuring out just how much damage the drought did to their crops. >> tom: that free checking account may not be so free. new regulations are squeezing bank profits, sending banks, both big and small, looking for new ways to bring in revenue. one way is by doing away with the free checking account which was so popular in the late 90's. ruben ramirez reports. >> reporter: dick evans is the c.e.o. of cullen/frost bankers. frost has 115 branches around texas. he says checking account fees are going up because of increased government regulation that went into effect a year ag
, the united states is also affected. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios for many, nexium helps relieve heartburn symptoms ...but you still have to go to the gym. caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. try the #1 gastroenterologist recommended probiotic. align. align naturally helps maintain digestive balance. ♪ ooh, baby, can i do for you today? ♪ try align today. stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn fans into customers... to events that engage and create buzz... to e-mails that keep loyal customers coming back, our easy-to-use tools will keep you in front of your customers. see what's right for you at constantcontact.com/try. neil: wh
into a tailspin. >> not the threat just for the united states of america this is the threat for the global economy given the size of the u.s. economy, and its linkages with many other countries in the globe. neil: so there you have it all on us, the whole globe. our fiscal mess in u.s. is a bis mess for the whole world. are you kidding me? france digs itself into a deeper hold every day,ments ts wants te richest at 75% there that is fine, we want to imminent minor cuts over the course of a decade, that is not find? i don't think so pepe . i call it selective sides on point of europeans who would sooner point a finger at us, than look at themselves in the mirror. they have built their finish toilet, and they blame it on us, that stinks. last i checked it is your bed that is sinking, your treasured club getting clubbed, and your euro is the real zero, it takes call tor crist to -- gall for crist to sound so punchy, in any access or language, how shall i say it le pew . this just in. a lot of votes already in, with millions of americans voting early, this makes you rethink of strategy of a end of med
the united states and israel. when he says that israel, that the united states always has their back on all issues what does that specifically mean? i think, three, the president owes it to the people of this country to know what his foreign policy is. the president in 2008 laid out a foreign policy that he would hit reset button with russia. i believe that has failed. melissa: yeah. >> he said he would have negotiations with iran. that has clearly failed. iran is closer to nuclear weapon, melissa, than ever before. he has said that the arab world would have a much better relationship because he is the president. that's not the case when you have these sort of concerted organized abuses going on. melissa: right. start with the first one, saying the war on terror is still ongoing. do you think that it is realistic that he would do that give that he sort of spiked the football with the death of osama bin laden saying that it was almost over? do you think that he is really going to acknowledge that is still going on even though obvious to the rest of us when we watch what is going on in the mi
follow that up. the israeli government, the prime minister, at least, has challenged the united states to define a red line or else is would be able to act on its own without clearing anything with the united states. this sounds to me like an ultimatum. is that what it was? was a governnt of israel giving us an ultimatum? was that wise? >> look, israel was in my portfolio. i have traveled there 13 times. i have had hundreds of meetings with israeli officials. we are in lock step with them on how far iran is toward getting a nuclear weapon capability. we are in step with them on the objective of preventing iran from getting a nuclear weapon. they do not have the same military capability of the united states has. they do not believe they can wait as long as we can. we need to work together to align our clocks. president netanyahu is expressing concerns. the president shares those concerns. it is a huge threat to israel and the interest of the united states. this president has made clear that all options will be considered to address that. the current israeli government would like the u.s
a minute. >> stay tuned. >> welcome back. in his address to the united nations general assembly, united states president barack obama said the recent unrest in the arab world would not prevent a march toward progress. many countries which sought dictatorships toppled has -- have struggled to establish civil institutions and democratic societies. >> recent protests against a u.s.-made and that-islamic film highlighted the debate these societies face over freedom of speech and religious tolerance. we met up with one artist in tunisia who is grateful for the freedoms that he now enjoys. >> he has been a cartoonist for 40 years. during that time, pen and paper have been his weapons in the fight against injustice and the struggle for change. he says the revolution in tunisia has given him new freedoms both personally and professionally. >> we only have freedom of expression in a few areas like sports, culture, or social issues. politics was taboo, regardless of whether the criticism was directed at public authorities or the government itself. we complied with those policies all those years u
after russia had trout like the united states indicated their production and output won't be as small as once predicted so prices came down and we have been talking about is all day. we continue to see -- we can't afford to feed these animals. and lower prices, in the chicago tribune today, worldwide bacon shortage is coming. long term after those are in the market and prices go down, tight supplies are going to turn around so that is the trey day. we have commodity winners. liz: don't even trade pork bellies any more. [talking over each other] liz: when it comes to the stuff. let's shake up with the team. biggest stories moving the market and we are going down so let's bring in liz macdonald. to you first with your exclusive interview made some big headlines. we don't usually crow about this. it began to speak to you and the markets went down. >> that is because he said he doesn't think q e 3, announced a couple weeks ago will be very effective. he doesn't think it will move very much on interest rates and on economic growth for the unemployment situation. he also said all of this cr
for the united states. >> >> we have a beautiful forecast to show you. notice the cloudiness coming out of the flames. it's unlikely that much will hit the ground. it's currently very dry. category 3 hurricane merriam. maximum winds are sustained at 120 mi. per hour. it's expected to turn to baja california. probably losing much of its steam by that point to become a tropical storm there is some indication that the moisture from the hurricane could find its way eventually into the southwestern u.s.. 73 tomorrow, a beautiful day even warmer in some areas. plenty of sunshine by all appearances both weekend days. it's not expected to be much of an issue but a good-looking 7 day forecast. the u.s. captain ♪ introducing free layaway at kmart. it's a great time to get shopping. wow. you look delicious today. delicious? honestly. sometimes i think you only like me because i'm an m&m's®. that's not true. baby, what matters to me most is what's on the inside. [ annoyed ] i'm pure milk chocolate on the inside. and i love that about you. and here i thought you loved me for my bra
reaching universal health care plan in the united states. i don't know what to say. i'm speechless. >> don't miss it on the biggest issues and most xheling stories of the day. it airs weeknights at 10:00 p.m. only on msnbc, the place for politics. >>> here's your first look at how wall street will kick off the day. the dow closed at 13,558 after falling 20 points yesterday. the s&p was down three. the nasdaq lost 19. >>> taking a look at overseas trading this morning, in tokyo the nikkei gained 22 points while in hong kong the hang seng was up 3. >>> well, it was gloomy data out of europe and another corporate caution flag that stalled marketing monday. minutes before the closing bell caterpillar cut its earnings forecasts for 2013 citing weakness in the world economy. sending shares lower in late trading. europe's biggest economy is still struggling dampened investors' moods. germany's confidence index fell for a fifth straight month in september. >>> a critical "barron's" article coupled with unconfirmed reports of a privacy breach dragged facebook down 9%. >>> apple dipped despite selli
for coal. >> you have say unique sper spective. you say coal provides 10% of the electricity in the united states. what's your take on economic demand as we move into the new year? >> well, what we're not seeing is strong industrial and manufacturing demand. not to say that we're not seeing growth in certain areas. i think in terms of economic activity. we're seeing a little growth, but it's not to the point where it needs to be in our view to make a fundamental difference to getting the economy where it ought to be in terms of higher levels of gdp growth. we appreciate the insights. it's greg boyce, the ceo of peabody energy. you can see our entire interview online at nbr.com. also online, how do long-term investors fit into the market in this age of high-frequency trading? visit nbr.com. tomorrow on nbr, home prices aren't the only things going up in housing-- the cost of land also is on the rise. and the latest efforts for parents and students to make better financial decisions when it comes to paying for college. could this hail mary pass force a breakthrough in one of the country's hi
and doing letterman in the same week. honestly, bob, president of the united states, commanderer in chief does interview with pimp with a limp? then he did letterman the same week. then on "the view." forgot, sorry, right? that same day he had a big event with jay-z and beyonce with $300 bottle of champagne from the floor to the ceiling. this is more of, it's not necessarily about foreign policy. is this the kind of president that you want to have? >> bob: he has been on letterman, kelly rippa, whoever that is. >> dana: seriously? >> eric: do me a favor. i want to run the sound bite. think of this in context of why would president obama say something so outrageous unless he wanted to keep the conversation on the middle east. on foreign policy? listen. >> i was pretty certain and continue to be pretty certain that there will be bumps in the road. in a lot of these places, the one organizing principle is islam. >> these are not bumps in the road. these are developments we don't want to see. this is time for the president who will shape events in the middle east. not just be merciful or be m
the right to practice free speech. here in the united states countless publications provoke offense. like me the majority of americans are christian and yet we do not ban blasphemy against our most sacred beliefs. >> the president is one of 36 world leaders speaking today. tomorrow, mahmoud ahmadinejad returns to the united nations it. will be his last appearance as iran's president. back to you. lori: thanks for that. david lee miller from fox news. melissa: coming up tonight on "money" we'll have former new york city mayor rudy giuliani talking about everything we heard right there. as the president talks about reaction to the movie. it is his reaction to everything that happened appropriate? we have terrorists targeting our ambassadors in the middle east and we're talking about this movie. we'll get rudy giuliani's take on that the u.n. is in town. what does it cost us and is it worth it. lori: my mother-in-law is across the street. she is beside herselves on the traffic issues. melissa: what do we get about this whole thing? rudy giuliani coming up 5:00 p.m. eastern here on "money". lori
in the 1970's and the united states the government spends and regulated too much. when the economy slow down, the federal reserve at the time lower interest rates and tried to choose the economy. what we ended up with was inflation and slow growth. the fed cannot create jobs. all it can do is create money. eventually if you create too much money you create inflation, and that will harm the economy in long run. i sure hope we don't have qe for. cheryl: you can believe that they're going to bring up inflation if it rears its ugly head commanded by peace center. thank you very much. good to talk to you always. >> thanks. cheryl: we want to know what all of you think. here's a question. the best way to reduce the deficit? higher taxes, spending cuts, or both? log onto gerriwillis.com and on the right hand side of the screen. ellis said the results of the end of tonight's show. meanwhile, that same survey of business economists shows that obamacare will not bring down costs. fat, they say it will severely hurt the economy in the long run. elizabeth macdonald here with the story. cheryl: a very im
in lebanon or destroi a cool in tune this -- he does not think that the united states can live with the nuclear armed iran. carl, one point to think about as we think about the president's remarks here, he's been under fire f, and the obam camp is making an important issue, obama is clearly walking a tightrope today and doesn't want to threat up his re-election chances. a very dell rat moment politically. >> not to mention anyone trying to drive in midtown manhattan. let's goat to headquarters with the market flash. >>> shares of carnival are higher 3.5%. what we heard from them, better than that, at the same time, you'll see this tempered stock and this stock is trading higher. >>> still ahead, marissa meyer announces her grand plan. >>> and "squawk on the street" will be live with both organizations. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we nee
you cannot get any yield. everyone is chasing yield. you can't get it from the united states government. they'll pay you nothing. people are going say, wait a minute, now i have to pay 36% and i have risk in the marketplace. these are a lot of big issues. >> i know you meant governor romney. >> let me apologize. >> do you think we go to the election and are in standstill mode until then? once we get the clarity of who's in the white house, what's your expectation? >> i do. i don't anticipate a lot. i know people are talking about that we'll see more in the early parts of november because of the different things with the defense department and where they're going to be at as far as cuts go. we'll get an indication what's going to happen. i think we'll have to wait until the election is over and done with and we'll get clarity for the future of the markets. >> i really like the fact you're looking at this whole dividend issue. we've been talking about the fiscal cliff a lot on this program. do you really think these guys are going to allow dif vidend taxes to go to 43%? >> they
focus on education here in the united states, we are also learning this hour that americans owe more on their student loans than they do on their credit cards. and the default rate on those student loans is more than four times the default rate on mortgages. so the question now is it another bubble that is about to burst? senior correspondent scott cone is reporting from washington today on some very startling statistics, scotty? >> reporter: some new statistics, simon, just in. these new figures come from fyke cok -- fico, they analyzed a large sample of credit reports, millions of them nationwide. and here is what they found. since 2005, the percentage of u.s. consumers with multiple open student loans on their credit report has nearly doubled, now almost 12% of us are making payments on at least two student loans. the average amount of that debt, up more than 50% to more than $26,000 on average, a much higher pace of growth than the growth of credit like credit cards and mortgages, other types of debt. and the percentage of consumers with six figures in college debt has more than
. plenty more to come from you. also on the agenda today in the united states, two key data points .at s. housing recovery. expected to be up 1% for july. and we'll also have the latest consumer confidence report, this is the richmond fed manufacturing survey due out at 1:00 eastern. also an auction of two year treasury notes. >> speaking of economic indicator, here's one for you. southern europeans are cutting back on their coffee due to the economic downturn. consumption is down in italy and sman to levels not seen for the last five or six years. and perhaps in a silver lining for the rest of us, that's driving the price of coffee down. what do you cut back on in tough economic time times some do you still need the daily caffeine boost? two pounds a day really does add up. i know i'm equity of that myself. e-mail us or tweet us to respond to that or anything else you've heard on the program this morning. and speaking of twitter, on wednesday on cnbc, we'll have an exclusive interview with the twitter ceo. tweet your questions today using the #ask twitter. >> and angela merkel, we'll he
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